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Wednesday, November 24, 2010

Cash In Old Gadgets To Buy New Gadgets

Black Friday and Cyber Monday are almost upon us. Just look at all the new smartphones and other electronic gadgets that are going on sale, if they aren’t already. Exciting, isn’t it? Yet we know that times are uncertain and that we should really think about how we are going to pay for those shiny new things. Here’s an idea: Get your old stuff to pay for your new stuff!

Sounds a bit fanciful, but it can work. How? It’s because we all collect... make that hoard... electronics and photography gear of all types. Never mind that we aren’t using this gear anymore. We just have it around. It’s too good to throw away and too much hassle to sell, so there it sits. What we don’t consider is that there is a veritable savings account worth of value in all that unused equipment. There’s your cash source to buy the new, new gadgets this holiday season. Now, if there was only a way to tap it.

You’re in luck! There is a fast and easy way to convert your unwanted gadgets to cash. It’s an online service provided by Gazelle, a leader in recycling high technology gear. What they do is make you an offer based on the current market value of your items. If you elect to sell, you get a free postage paid mailer that you pack up and drop off at the shipper. At the other end, Gazelle will evaluate each item for operation and condition. Once checked out, they send you a check. Now when you get that bill for the new flat screen HDTV or video game, you’ve got the funds to cover it. It’s recycling at its best.

This process actually works all year long, but it’s particularly valuable right now. That’s because we tend to buy big time for ourselves and others through December 24, with the heartburn of credit card bills coming due in January or February. There’s no time to waste.

The next step is to get price offers for each item. Consider it a game that pays. Perhaps you can engage family members or co-workers to help evaluate a massive tech collection, especially if they think they might benefit from the proceeds. Find your item through a search on the Gazelle site. Find the exact model you have and then check the radio buttons for functionality, condition and available accessories. Click the “Calculate” button and you’ll see how much they’ll pay you. I just tried a Nikon camera lens and saw I could sell it for $90. If you think that price is fair and want to cash-in, click the orange “Add to Box” button to lock in the offer. Then move on to the next item.

Procrastination is not to your advantage. Technology, like milk and most everything else, loses value over time. Chances are that you’ll get a better offer today than you will in a week or a month from now as your unused gear just gets more and more obsolete. Word to the wise!

Once you have evaluated your collection and see the now substantial total offer, all you need is that pre-paid shipping box. You get that by clicking on the “Checkout” button. When your container arrives, pack each item carefully using recycled newspaper or other soft packing material and sent it in. Congratulations, the hard work is done! Now it’s just a matter of waiting for the moola.

Can it get any easier? Not unless someone came over, ransacked your place while you watched TV, and peeled off a roll of bills on their way out. This is the next best thing. It takes minimal effort compared to running ads, dealing with people at the door or dragging everything through the auction process. When you’re done, you have cash in hand, the satisfaction of recycling things you don’t need anymore, plus all that extra shelf and drawer space you’ll need for your new acquisitions.

Are you motivated to start the process? Gather your gear and get recycling offers for your gadgets now. Those big sales are about to start!

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Telexplainer Google+ is a business-to-business service of T1 Rex and was formerly known as "T1 Rex's Business Telecom Explainer." Our mission is to offer technical and business information related to telecommunications and computer networking. We are teamed with Telarus, Inc. as our broker for worldwide telecom services, and are affiliates of other commercial services. Many images are used under license from Animation Factory or courtesy of Wikimedia Commons. Some are available on products from the Gigapacket Tech Store on Zazzle. Written and published by John Shepler. Profile+ You may contact me by sending email to: John (at) Telexplainer.com View John Shepler's profile